Former SEC Chief Schapiro Joins Promontory Financial
Mary L. Schapiro, the former chairwoman of the U.S. Securities and Exchange Commission (SEC), has crossed over to the private sector to become...
Survey: 57% Of Americans Concerned Over Inadequate Savings
More than half of all Americans are worried about their lack of savings, and more than one-quarter of the population is concerned about...
Construction Spending Up In February
Construction spending during February was estimated at a seasonally adjusted annual rate of $885.1 billion, which is 1.2% above the revised January estimate...
Court Dismisses LIBOR Lawsuits Against Banks
A U.S. District Court judge has dismissed antitrust lawsuits against major banks that were charged in rigging the London Interbank Offered Rate (LIBOR)....
Sen. Sanders Seeks To Break Up ‘Too Big To Jail’ Banks
Sen. Bernie Sanders, I-Vt., has announced that he will introduce legislation to break up the so-called 'too big to jail' banks. Sanders' proposed...
Pending Home Sales Dipped In February
February pending home sales flattened with limited buyer choices, according to new data from the National Association of Realtors (NAR). NAR's Pending Home...
Mortgage Applications, Refi Activity Up Last Week
Mortgage applications and refinance activity ticked upward, according to data from the Mortgage Bankers Association's (MBA) weekly mortgage applications survey for the week...
Report Faults FHFA On Compliance Monitoring
The Federal Housing Finance Agency's Office of the Inspector General (FHFA OIG) has issued a report that claims the regulator is doing an...
Obama Promises No Recess Appointments During Senate Easter Break
The White House and the Senate have brokered a deal in which the president will not make recess appointments while Congress is off...
Fitch Ratings: Shortage Of Developed Lots Could Thwart Recovery
A growing scarcity of well-located finished lots for builders has the potential to dampen the momentum for new home construction, according to a...
Senate Banking Committee Chairman To Announce Retirement
Sen. Tim Johnson, D-S.D., the chairman of the Senate Banking Committee, will not seek re-election in 2014. TheHill.com reports that Johnson will announce...
S&P/Case-Shiller: Home Prices Shot Up In January
The S&P/Case-Shiller Home Price Indices showed average home prices increased 7.3% for the 10-city composite and 8.1% for the 20-city composite in the...
Boston Mayor Plans 30,000 Housing Units By 2020
Boston Mayor Thomas M. Menino is pushing a plan to add up to 30,000 new housing units by 2020. The Boston Globe reports...
Chamberlain Promoted To PNC Mortgage CEO
PNC Mortgage, a division of PNC Bank NA, has named E. Todd Chamberlain CEO. Chamberlain, who joined PNC Mortgage in 2011 as president...
Regulators Update Guidance On Leveraged Lending
Three federal regulatory agencies - the Office of the Comptroller of the Currency, the Federal Reserve and the Federal Deposit Insurance Corp. -...
FHLBank Atlanta To Provide $21.3M In AHP Funding
The Federal Home Loan Bank of Atlanta (FHLBank Atlanta) will award $21.3 million in grants to its member financial institutions and their community...
Chrysalis Holdings Acquires Loan Officer Training Firm
Fulton, Md.-based Chrysalis Holdings LLC, the parent company of NewDay USA, has acquired the intellectual assets of Abacus Mortgage Training and Education, a...
274 Metros Cited On Improving Housing Market List
The list of improving U.S. housing markets expanded for a seventh consecutive month in March to include 274 metros on the National Association...
AEI To Host April 9 Seminar On Housing’s Future
The American Enterprise Institute (AEI) is presenting a free seminar on April 9 on the near-term future of the housing market. The seminar...
Senior Home Equity At Highest Rate Since 2009
Americans 62 years old and older now have more equity in their homes than at any time since mid-2009, according to data released...